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China's Jiayuan.com Falls in the Debut

China's Jiayuan.com Falls in the Debut

Write: Sezen [2011-05-20]

Chinese dating website Jiayuan.com has come up short in its Nasdaq debut.

The company premiered on the Nasdaq within its expected range, opening up trading at 11 dollars a share.

And after a quick jump off the start of trading, ended its first session down 4.5-percent at 10-dollars-52-cents.

Jiayuan-dot-com has 7.1 million shares for 11 US dollars each, earning the company 78-million US dollars in capital.

Meantime, there also wasn't much "love" from investors for fellow US dating site FriendFinder, which also debuted on the Nasdaq at the same time as Jiayuan.

FriendFinder's value dropped 23 percent in its Nasdaq debut.